Purpose of Payment
Codes related to the nature of the transaction.
Countries affected by Purpose of Payment
- Argentina
- Bangladesh
- Chile
- Colombia
- Egypt
- India
- Mexico (Effective September 2023)
About Purpose of Payment
This code classifies and reports the nature and purpose of the transaction. Certain destination markets require Purpose of Payment for all their incoming cross-border transactions.
It is a code whose standardized value is provided by the card networks to TabaPay.
TabaPay submits the correct purpose of payment code to the network, and our clients are expected to provide the correct values.
Purpose of Payment is now a field on the Create Transaction API
Please visit the Create Transaction Reference page for more details.
The code must be per the list provided as provided here.
Purpose of Payment Standardized Codes List
As of November 11th, 2022
The only valid Purpose of Payment values are the regulatory published/recognized codes or a code from the Visa Standardized Purpose of Payment list (below).
| Code Description | Code to be Used |
|---|---|
| Account management | ISACCT |
| Transaction is the payment of allowance | ISALLW |
| Settlement of annuity | ISANNI |
| Unemployment disability benefit | ISBENE |
| Business expenses | ISBEXP |
| Bonus payment | ISBONU |
| Bus transport related business | ISBUSB |
| Cash management transfer | ISCASH |
| Payment of cable TV bill | ISCBTV |
| Government institute issued related to cash compen sation, helplessness, and disability | ISCCHD |
| Credit card payment | ISCCRD |
| Payment of credit card bill | ISCDBL |
| Payment for charity reasons | ISCHAR |
| Collection payment | ISCOLL |
| Commercial payment | ISCOMC |
| Commission | ISCOMM |
| Compensation relating to interest loss/value date adjustment and can include fees | ISCOMP |
| Payment of copyright | ISCPYR |
| Related to a debit card payment | ISDCRD |
| Payment of a deposit | ISDEPT |
| Payment of dividend | ISDIVD |
| Payment of study / tuition fees | ISEDUC |
| Payment of electricity bill | ISELEC |
| Energies | ISENRG |
| General fees | ISFEES |
| Payment for ferry related business | ISFERB |
| Foreign exchange | ISFREX |
| Payment of gas bill | ISGASB |
| Compensation to unemployed persons during insolvency procedures | ISGFRP |
| Government payment | ISGOVT |
| Health insurance | ISHLTI |
| Reimbursement of credit card payment | ISICCP |
| Reimbursement of debit card payment | ISIDCP |
| Payment of car insurance premium | ISINPC |
| Transaction is related to the payment of an insurance claim | ISINSC |
| Installment | ISINSM |
| Insurance premium | ISINSU |
| Payment of mutual funds, investment products and shares | ISINVS |
| Intra company payment | ISINTC |
| Interest | ISINTE |
| Income tax | ISINTX |
| Investment | ISINVS |
| Labor insurance | ISLBRI |
| License fee | ISLICF |
| Life insurance | ISLIFI |
| Loan | ISLOAN |
| Medical services | ISMDCS |
| Mobile P2B payment | ISMP2B |
| Mobile P2P payment | ISMP2P |
| Mobile top up | ISMTUP |
| Not otherwise specified | ISNOWS |
| Other | ISOTHR |
| Transaction is related to a payment of other telecom related bill | ISOTLC |
| Payroll | ISPAYR |
| Contribution to pension fund | ISPEFC |
| Pension payment | ISPENS |
| Payment of telephone bill | ISPHON |
| Property insurance | ISPPTI |
| Transaction is for general rental/lease | ISRELG |
| The payment of rent | ISRENT |
| Payment for railway transport related business | ISRLWY |
| Royalties | ISROYA |
| Salary payment | ISSALA |
| Payment to savings / retirement account | ISSAVG |
| Securities | ISSECU |
| Social security benefit | ISSSBE |
| Study | ISSTDY |
| Subscription | ISSUBS |
| Supplier payment | ISSUPP |
| Refund of a tax payment or obligation | ISTAXR |
| Tax payment | ISTAXS |
| Transaction is related to a payment of telecommunications related bill | ISTBIL |
| Trade services operation | ISTRAD |
| Treasury payment | ISTREA |
| Payment for travel | ISTRPT |
| Utility bill payment | ISUBIL |
| Value added tax payment | ISVATX |
| With holding | ISWHLD |
| Payment of water bill | ISWTER |
Updated 2 months ago